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General Xauusd buy , let us wait for a reliable pullback.

2.00 star(s) 1 Vote

Java85960

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Hi everyone, today Gold made a huge turn early morning on Tokyo or known as Asia Session. At 10:30 USA time , it reversed fee from sweep low of last week London Session. We are looking for a buy, let us wait for a strong and reliable pullback confirmation then we get it.
Screenshot_20240805-193019.png
 
I see a gold consolidation pattern on H4, even though there is downward pressure, it is still above the previous low which may act as a support zone. Gold fell this week, but may recover later
 

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